Discussion in ' Index Futures ' started by ctrader , May 9, Log in or Sign up. I am thinking about getting started in futures. I did a search on google about beginning in futures, and I found this post. Does anybody know about enetspeculation? They say they guarantees stop loss fills. Futures for beginner Newsgroups: Complete Thread 7 articles Original Format Date: They guarantee your stoploss order even if the market limits up or down past it.
They will eat the difference of the stop price and what it actually got executed at. Sounds like insurance with other clients money. Plus they are based in a foreign country This amount varies depending on the product and is defined on the order ticket each time the Customer makes an order to open a position, as well as being indicated on the page "summary specifications for all mini-contracts" which is made available to the Customer. I would suggest to stay away. I couldn't find them on the NFA website.
I would proceed with care! They are betting against the customer like a good casino. I am sure if you are making money they will stop taking your trades at best or keep you money at worst. I wouldnt mind being well financed and being on the other side of the publics trades It seems like a great business model.
Heck if you take some big hits you just close your doors in the foreign country and say sorry. Hey Merril Lynch might be behind this company. A good old bucket shop. Now if there was actually some way to guarantee they would honor quotes and give you instant fills..
Like tntneo says, stay away. They are based in South America. Nothing prevents them from simply taking your money AND remaining in business. Can anyone recommend a good futures broker that will accept canadian clients? Not for daytrading, I plan on swing trading.
This is not a Futures or Forex account. It's an offshore casino where you bet that the market goes up or down from an entry price that has a large spread. It is a bucket shop. I played, yes I lost. It was an interesting game. They are betting against you. From a trading standpoint, vrs, using an online platform, not much different.
You do not actually trade of course. You are betting on the direction of the trade. Works like this, enter limit order, if price is traded there you are filled.
Enter next limit order if price is traded there you are filled. OF f course they can do the stop loss thing because it is not really traded. I might try again someday. You must log in or sign up to reply here. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is:More...